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Lila Games

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2022: Attracting investment, including from Rainfall Ventures

In mid-March 2022, Lila Games raised $10 million to finance its free mobile games studio.

The Rainfall Ventures fund of VKontakte founder Vyacheslav Mirilashvili led the investment round, among other investors: Bitkraft Ventures, Galaxy Interactive, Sequoia Capital and Krafton. In addition, well-known business angels, including Ryan Vyatt, CEO of Polygon Studios; Tanai Tayal, CEO of Moonfrog Labs, and Thomas Wu, producer of Arcane: League of Legends.

Lila Games CEO and co-founder Joseph Kim noted: "Given what is happening in the world, we are starting to see many companies emerging in different areas. When we thought about the potential to build a new studio, we looked at India, and we were very encouraged by the fact that there are very smart people there. "

Vyacheslav Mirilashvili

Lila Games will use the investment to develop its first game and further develop its team in Bangalore, India, Joseph Kim said in an interview with GamesBeat representatives.

Kim also noted that the company found several people from around the world who are the best in their business in the team, and the company decided that creating a team in India would be an excellent decision to replenish the staff with specialists.

Lila Games was founded in October 2020. Kim said this was a great time to attract investment, as games boomed during the pandemic, and investors actively invested in gaming. In the same way, Kim sees a boom in the Indian market, including due to the presence of talented developers in the country. The company will use its team in India to create games for the global market.[1]

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